Forex Classic Multiframe Analysis Trading Strategy
Forex Classic Multiframe Analysis Trading Strategy;
Time Frame: 15min
Pairs:all
Forex Indicators:
5Ema, 11Ema;
Stochastich (8,3,3);
RSI (11);
MACD (12, 26, 9).
Determine the main trend (up/down) on 4h chart, then look for small trends (on 15m chart) during the day while avoiding false signals.
Don’t trade on news release days!
We are in the uptrend if:
The 5EMA crosses above the 10EMA.
The RSI is above the 50 line.
The Stochastics is heading up.
We are in the downtrend if:
The 5EMA crosses below the 10EMA.
The RSI is below the 50 line.
The Stochastics is heading down.
What next:
If the current main trend is up trend, we go to 15m chart to find long trades.
If the current main trend is down trend, we go to 15m chart to find short trades.
What next:
If the current main trend is up trend, we go to 15m chart to find long trades.
If the current main trend is down trend, we go to 15m chart to find short trades.
Enter trades on 15m chart
Enter Short Trades when:
5 EMA crosses below the 10 EMA
Stochastics is heading down (the best is not in oversold zone >20)
RSI is below 50
(MACD is going from positive to negative) OR (MACD is positive and starts to decrease in value).
Enter trades on 15m chart:
Enter Long Trades when:
5 EMA crosses above the 10 EMA
Stochastics is heading up (the best is not in overbought zone <80)
RSI is above 50
(MACD is going from negative to positive) OR (MACD is negative and starts to increase value).
Stop Loss:
30 pips or the most recent swing low (for long trade) and the most recent swing high (for short trade)
Take Profit:
to the same amount of pips as Stop Loss.
In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.
For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.
How to install Forex Classic Multiframe Analysis Trading Strategy?
- Download Forex Classic Multiframe Analysis Trading Strategy.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Load indicator on your chart
How to uninstall Forex Classic Multiframe Analysis Trading Strategy?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.
